All Forum Posts by: Clayton Hutton

@Alina Trigub I’m much more interested in active investing at this point.

Thanks! I’ll look that way as well.

Without doing any real research just yet, I know I’m really interested in Idaho near Boise And possibly looking at Arizona or Texas.

Forgot a thing or two. I'm from San Diego, California. Looking to invest out of state, or a great distance away since our home prices have gotten crazy high the last couple of years. Currently reading the book for long distance realestate investing to learn a few things.

Hey there follow Bigger Pockets members,

    I guess introductions are at hand. I'm Clayton, 35 years old, and finally in a position to start investing in real estate. As much as I wanted to do it earlier on, I had no idea where to go and what to do. I've finally got my desired niche picked as multi-family units and methods I want to use (thanks bigger pockets podcast for all the ideas) and ready to set sail and this real estate adventure. 

Thanks!

Interested.

I really like the idea of the note to also prove more income. I'm definitely not trying to commit fraud of any kind, but there are some creative ways to get around some of the issues I'm dealing with. The issue I've seen with the llc's is that you can't transfer the property into the llc without the possibility of the loan needing to be suddenly paid to the bank in full.

I think that's actually the best course of action so far, and for future ventures it's good to know that we would both be needing to be 50% on the loan to prevent any mortgage fraud issues.

Hello all,

  I had a question hopefully you guys could give me some guidance on. I am interested in purchasing a rental out of state. I live in San Diego, so starting here would be pretty difficult. I have a very close friend I've known about 20+ years who lives in the area I want to purchase in and they are willing to go in on the deal with me. I'm curious if the property was purchased in their name ( I'm working on getting a home here, so I can't go buy a home out there before hand and buying one after the fact would also prove difficult.)

Would my future business partner be able to purchase the property in their name and set up an llc with the both of us listed as equal paid partners. We plan on purchasing other properties down the line either in on or the other's name and/or combined. We would like to be able to do some of the programs offered through Fannie Mae. With the income generated from the rental over time so were wondering would we both be able to claim that income as rental income if the property is only in one name? Would we be better of putting the properties in both our names for the sake of the llc or can we get away with just the one? Trust between partners really isn't an issue, we're trying to get a feel for how getting a partnership real estate joint venture going.